Question $100(0\mathrm{.}28$ points$)$

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Firm $x$ recently went public. It offered $30,000$ shares and received net proceeds of $$22\mathrm{.}39$ per share. Firm Y served as the underwriter and sold $25\mathrm{.}000$ shares to the public at an offer price of $$24\mathrm{.}88$ per share. What type of underwritil$$ was this?

Best efforts

Shelf

Oversubscribed

Private placement

Firm commitment